The Sick Textile Undertakings (Nationalisation) Act, 1974
Act No. 57 of 1974
[21st December, 1974.]
An Act to provide for the acquisition and transfer of the sick textile undertakings, and the right, title and interest of the owners in respect of the sick textile undertakings, specified in the First Schedule with a view to re-organising and rehabilitating such sick textile undertakings so as to subserve the interests of the general public by the augmentation of the production and distribution, at fair prices, of different verieties of cloth and yarn, and for matters connected therewith or incidental thereto.
BE it enacted by Parliament in the Twenty-fifth Year of the Republic of India as follows:-